MINNEAPOLIS--(BUSINESS WIRE)--Piper Jaffray (NYSE: PJC) today announced that Jeff Ammerman joined as a
principal in the healthcare investment banking group. Ammerman will lead
coverage of the specialty pharmaceuticals universe and be based in San
Francisco.

“We are excited to have Jeff join our team”

“We are excited to have Jeff join our team,” commented Chad Abraham,
global co-head of investment banking and capital markets at Piper
Jaffray. “Healthcare is a strategically critical industry for our firm
and we have a highly ranked advisory and equities business. The
specialty pharmaceutical universe has been a target area for us and
matches up well with our existing coverage. Also, expanding our
healthcare reach to San Francisco demonstrates our long-term commitment
to the Piper Jaffray healthcare franchise.”

Bob DeSutter, global head of healthcare investment banking added, “Our
healthcare group is a market-leading platform, serving emerging growth
and established clients broadly across life sciences and healthcare
services. Jeff’s experience serving clients with advisory as well as the
full suite of capital market products provides a great fit with our
platform.”

Ammerman brings over 12 years of healthcare investment banking
experience to Piper Jaffray. He joins the firm from Jefferies, where he
was a senior calling officer in the global healthcare group. Over the
last six years with Jefferies, Ammerman was instrumental in building the
healthcare team, both domestically and internationally, and served as a
founding member of the international healthcare group in London.

Piper Jaffray has a global healthcare investment banking and capital
markets team of 45. Since 2007, the team has represented clients in 191
transactions with an aggregate value of $32 billion. In addition, the
firm has nine senior research analysts, covering a broad spectrum of
universes, including medical technology, drug discovery, medical
diagnostics, life science tools, specialty pharmaceuticals,
biotechnology, and healthcare services, including information
technology, alternate site providers and contract research.

About Piper Jaffray

Piper Jaffray is a leading investment bank and asset management firm
serving clients in the U.S. and internationally. Proven advisory teams
combine deep industry, product and sector expertise with ready access to
capital. Founded in 1895, the firm is headquartered in Minneapolis and
has offices across the United States and in London and Zurich. www.piperjaffray.com

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